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Written question asked by Callum Anderson (Labour) on Tuesday, 17 June 2025, in the House of Commons. It was due for an answer on Thursday, 19 June 2025. It was answered by Darren Jones (Labour) on Wednesday, 25 June 2025 on behalf of the Treasury.


Public Works Loan Board

Question

To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of increasing the Public Works Loan Board lending cap on local authority investment strategies.

Answer

The government increased the aggregate limit for Public Works Loan Board (PWLB) lending to £135 billion in November 2024. The increase in the limit has ensured that local authorities (LA) can continue to access loans to support their investment strategies in line with the PWLB lending guidance and the Prudential Framework for local government capital finance.


Secondary information

Type
Written question
Reference
60750
Session
2024-26
Subjects
Investment Local government Public Works Loan Board
Link
View this Written question on www.parliament.uk